Name of Programme
Postgraduate Certificate Money, Banking and Central Banking
Final Award
PGCert
Location
Buckingham
Awarding Institution/Body
University Of Buckingham
Teaching Institution
University Of Buckingham
School of Study
School of Humanities and Social Sciences [Economics and International Studies]
Programme Code(s)
PCTF1PMB / Full Time / 1 Year
Professional Body Accreditation
Optional PRMIA module accreditation: ‘Associate PRMIA Certificate’
Relevant Subject Benchmark Statement (SBS)
QAA Master’s Characteristics Statement (2020)
Admission Criteria
The minimum entry level required for this course is as follows (*):

- a first or a good second-class honours degree from a recognised university, or

- a recognised professional qualification in the field with relevant work experience.

IELTS: 6.5 average (with 6.0 or above in each component)

(*) Final year UG students from UFM (Guatemala) are also eligible to apply under our double-degree programme MoU.
Applicable Cohort(s)
September 2021
FHEQ Level
7
UCAS Code
Summary of Programme
The PG Certificate in Banking, Money and Central Banking (online) is designed to offer specialised teaching to UK and overseas students. The subject is particularly relevant given all the changes introduced in banking and financial markets during the last global financial crisis as well as the changes made by major central banks in the running of their monetary policies since then. This all emphasises again the importance of high quality monetary and banking analysis so we can assess those policies compatible with stable economic growth and financial stability over the long term. Expert knowledge of monetary economics and monetary policy, risk management and financial institutions is going to be of crucial importance and this programme aims to produce graduates with this specialised knowledge and the skills required for a career in central banking and finance, in particular in investment banking, as well as monetary analysis suitable to pursue a career in research departments and specialised media.

The collaboration with the Institute of International Monetary Research will provide more opportunities to engage in academic and research seminars where students will learn from top academics in monetary economics. Students on the programme will be able to benefit from the accreditation in risk management provided by PRMIA , the Professional Risk Managers' International Association, should they choose to take the optional exam.

Notes:
(1) The MSc in Money, Banking and Central Banking has been running since 2017. The proposed new programme would be the reduced online version of the existing MSc: with fewer taught modules (4 rather than 6, 60 units in total), no dissertation and a change in the assessment criteria as detailed below.
(2) A number of those completing the PG Certificate will likely enrol the MSc above.
(3) The English entry requirements will be the same as with the MSc programme in Money, Banking and Central Banking.
Educational Aims of the Programme
The programme will offer the latest tools and approaches to teach students to think critically and apply their knowledge to practical problems faced by investment banks and central banks and other financial institutions. The programme will be delivered by staff with vast amounts of expertise in the fields covered within the programme, including banking and financial markets analysis, financial regulation analysis and monetary policy analysis from which students will greatly benefit. Specifically, the programme will benefit from having Professors Geoffrey Wood and Tim Congdon and Brandon Davies as members of the teaching team, both with a recognised career in this field and with experience in providing consultancy, banking and expert advice at the highest governmental and political level in the UK and abroad.
Programme Outcomes

Knowledge and Understanding

1. Demonstrate knowledge on the effects on money changes on prices and output as well as on business cycle fluctuations.

2. Understanding of the modelling of economic problems to facilitate decision making.

3. Demonstrate an in-depth knowledge and a critical awareness of current problems affecting central banks, investment banks mainly, and new insights in monetary economics able to understand the origins and the proposed policies to tackle a banking and financial crisis.

Teaching/Learning Strategy

1. Core knowledge and understanding is acquired through weekly lectures (see point 4 below) and interactive online weekly tutorials via Microsoft Teams. Additional online tutorials and office hours will be held as required to provide detailed feedback from module tutors.

2. Termly coursework online will be required to test the progress and knowledge gained by the students. Written feedback will be given to students. Coursework may include the writing of an essay or other activity available on the VLE.

3. A weekly video lecture or audio-over-slides presentation will be made available to the students on Moodle.

Assessment Strategy

1. Termly essays/coursework to be submitted on Moodle. A list of topics will be offered to the students at the start of term.

100% of the final mark in the module: 20% on the proposal and 80% on the essay. No final examination.

The 100% assessment by coursework will allow the teaching staff to have a greater support to the student in term. This is to avoid the gap between the term when the student has completed the module and the examination term. This is particularly relevant to online programmes, as the students will not enjoy the same level of ‘in-campus’ support by the staff during that gap.
Programme Outcomes

Cognitive Skills

1. Understand the importance of risk management in major investment banks decision making.

2. Critically evaluate central banks’ monetary strategies and policies and their impact on monetary and financial stability.

3. To be able to apply critical thinking to the analysis of the policy responses given by central banks to different crisis episodes.



Teaching/Learning Strategy

1. They will be acquired mainly through video/audio lectures and interactive tutorials online (via Teams), where students will be set specific tasks and questions to prepare for and are expected to undertake both independent and supervised study and research.

2. Students will be given regular feedback on their coursework; specifically, on the essay proposal per course.


Assessment Strategy

1. Termly essays (1 per module) via Moodle: 100% final mark in the programme.


Programme Outcomes

Practical/Transferable Skills

1. Resource and utilise economic and financial history as the relevant background to understand better the current problems affecting the economy, and in particular central banks’ policy options and commercial and investment banks’ decisions.

2. Utilise key models of standard and advanced economic and monetary theory to understand current economic problems and be able to make policy recommendations.

3. Demonstrate proficiency in analysing complex banking statements and central banks’ balance sheets and communications.

Teaching/Learning Strategy

1. Practical Skills will be acquired through interactive online tutorials where students will be encouraged to contribute to the discussions and the presentation of individual or group projects/essays.

2. Tutorial hours with the lecturers will also help students gain the skills and the confidence to prepare and defend their coursework in public discussions, as well as encourage them to develop their research skills.

Assessment Strategy

1. Practical skills and critical analysis will be regularly monitored in the termly coursework.


External Reference Points
Framework for Higher Education Qualifications ;
* Link
* Link


Please note: This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided. More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each course unit/module can be found in the departmental or programme handbook. The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.
Date of Production
August 2020: Revised March 2021
Date approved by School Learning and Teaching Committee
Autumn 2020: Revised IQP Spring 2021
Date approved by School Board of Study
Autumn 2020: Revised IQP Spring 2021
Date approved by University Learning and Teaching Committee
Autumn 2020: Revised IQP Spring 2021
Date of Annual Review
In line with the university annual monitoring review process

 

PROGRAMME STRUCTURES

Postgraduate Certificate Money, Banking and Central Banking

PCTF1PMB / Full Time / January Entry
Term 1
Winter
Central Banking 1 (History, Strategies and Operations) [L7/15U] (HPFPCB1)
Term 2
Spring
Central Banking 2 (Monetary Policy and Financial Stability) [L7/15U] (HPFPCB2)
Banking Risk Management [L7/15U] (HPFPBRM)
Term 3
Autumn
The Central Bank, The Banking System and The Macroeconomy [L7/15U] (HPFPCBM)

Students may opt to take the PRMIA Associate PRM Certificate qualification in the summer term (Term 3).

 

Postgraduate Certificate Money, Banking and Central Banking

PCTF1PMB / Full Time / September Entry
Term 1
Autumn
The Central Bank, The Banking System and The Macroeconomy [L7/15U] (HPFPCBM)
Term 2
Winter
Central Banking 1 (History, Strategies and Operations) [L7/15U] (HPFPCB1)
Term 3
Spring
Central Banking 2 (Monetary Policy and Financial Stability) [L7/15U] (HPFPCB2)
Banking Risk Management [L7/15U] (HPFPBRM)

Students may opt to take the PRMIA Associate PRM Certificate qualification in the summer term (Term 3) following completion of the compulsory modules.